Company Briefs
Linc Energy finds oil in Alaska oil field
OIL and gas producer Linc Energy has produced 650 barrels of crude oil during flow testing at a well in its Umiat oil field in Alaska - the first time crude oil has surfaced in quantities there since 1952. At full commercial production, the firm expects the Umiat field to have a peak rate of 50,000 barrels of oil per day (bopd) to be pumped into the Trans-Alaskan Pipeline. The well produced at a peak rate of 800 bopd during the test.
CapitaLand boosting stake in AIM Japan
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Porsche posts Q1 profit drop on ramp-up costs